Nyota Minerals Share Discussion Threads

[yorgi] 24/10/2013 12:07

It tells me that your broker will sell you 5m@0.6p that is easy.

[liam wilson] 24/10/2013 12:06

my broker will sell me 5m@0.6 what does that tell you

[dusseldorf] 24/10/2013 11:59

liam wilson - according to the RNS flow (i.e. requirement to report) all selling below 1p has been PI's.

It's near the bottom as at 0.5/0.6p many thought it was 'imminently' going bust. We're simply seeing sales off the back of disappointment, boredom and uncertainty. The prospects for cash generation from the mine or perhaps even sale to a major have not changed...the company will be a beneficial owner of a pre-determined percentage of company X. You might find that due to it's market size, NYO may end up owning circa 25-50% of company X

[yorgi] 24/10/2013 11:58

It happens Weegeordie :-)

[weegeordie] 24/10/2013 11:53

oh well, I was wrong about the bottom!

[liam wilson] 24/10/2013 11:52

This mob are finished big institutions dumping daily

[liam wilson] 24/10/2013 11:52

This mob are finished big institutions dumping daily

[yorgi] 24/10/2013 11:25

Dusseldorf, I agree that gold has been oversold and I see it heading up again over the coming year. In my view more reasons for gold to rise than fall and the US is one of them of course although it would seem that they have played a big part in bringing the price down.....I'm quite sure they had an agenda.

[weegeordie] 24/10/2013 11:22

judging by online maximums this looks to have bottomed and is about to turn.
WG

[dusseldorf] 24/10/2013 11:20

yorgi - my view on gold is largely based on the fact the US must do something fairly drastic re:debt mountain. Reigning in spending and some austerity measures will affect confidence globally. The world will catch a cold IMO and equities will be hit from March 14> for 1-2 years IMO. In turn this will lead to a return to favour for gold.

Could be wrong, but we've not seen the last of the gold spike yet IMO...

[yorgi] 24/10/2013 11:12

I most certainly agree with you on POG heading back up Dusseldorf, as for the rest of your post let's hope you are right there as well but as you point out it will be over a longer period.

[dusseldorf] 24/10/2013 11:03

Cinquepercento - it depends how long term you are. if you view this as a positive step that will complete, by year end the company will have funds for working capital and within 6 months of that resources will be targeted for compliance to obtain full project funding. You can assume that both parties and the government see profit/ value in the deal and as such NYO getting shares in the majority owner of the license is effectively risk mitigation - so they are no really 'selling' 75%, they are retaining a percentage of the benefit to the other company be it in future revenue or share price increase. Don't get me wrong uncertainties remain, however, fast forward 2 years and NYO could own a sizable %'age of a company that has obtained funding to bring the project to fruition. Forget the neigh sayers on gold spot price, it's heading back over $1500-$1750 IMO making the project more attractive.

I'm looking to add but at this rate 0.65/0.7 looks likely

[yorgi] 24/10/2013 10:53

I really wouldn't like to say now Cinquepercento. I don't see a positive outcome under RC. So it is all down to what CEY will do in my view and their action in reducing their stake does not bode well as far as I can see.

[cinquepercento] 24/10/2013 10:50

To Yorgi,

Thank you for your post.

I see that NYO at .75 pence on my screen right now.I am tempted to buy more.

What do you think is the likely eventual outcome at present? Positive or negative?

Cinquepercento.

[yorgi] 24/10/2013 10:23

The way I see it Cinquepercento it is all down to what CEY's next move is. RC's deal if you can call it that will amount to SFA in my opinion.

Did CEY make a mistake in showing their hand to early you ask......I wouldn't have thought so, I'm quite sure they knew exactly what they were doing.

[cinquepercento] 24/10/2013 10:10

Hello to the share forum.
This is my first post.
I am holding several hundred thousand shares on NYO so a positive outcome would be very agreeable to me.
I have read all your posts with interest and several of you seem to be very well informed .
Question: Have Centamin simply made a mistake and shown their hand too early by openly trying to get rid of R.C ?
Now R.C has this prior warning ,perhaps he is giving priority to saving his and his immediate colleague's jobs and letting the actual long term well being of Nyo take secondary importance.

As a shareholder, I want NYO to survive and prosper but this latest news is rather discouraging. Can anyone see a positive outcome at this point?

[yorgi] 24/10/2013 09:42

Precisely Weegeordie.......what are CEY's intentions. It appeared like calling the EGM may have been a ruse to lift the share price for a while to dump a few shares but that may be far fetched as it can't have made much difference to them.

[jumbone] 24/10/2013 09:39

Spartikas:


Time for some honest admission.

Most likely Orecorp.

MIDROC certainly ruled out.

But what has RC & the BOD achieved by this?

Without TK Nyo is just a very small miner.

Once this deal goes through the new partner is going to manage this.

NYO just got a mill GBP, and 3.5 mill as shares in this new partner.

To admit the truth, this does not bode well for all the shareholders of NYO at all.

With such a deal on the table, most other shareholders are going to vote with CEY, so RC & his team have not got any thing from it.

If this is a better deal than CEY's deal what did CEY intend to pay for NYO?

This deal is worse than ALECTO's deal with CEY.

Atleast Alecto got 3 mill USD up front and had to fund a further 11 mill for a 70% stake of their 2 sites.

Still cannot understand how RC & his team can convince every one that this is a good deal.

Or am I missing something here?

[lucky punter] 24/10/2013 09:36

No reason to drop the SP? Did you not read the RNS.
Ethiopian (only) interests under offer at GBP1 million in cash and the balance of GBP3.5 million in shares in the Partner at an agreed price for 75%. That makes NYO worth £6 now and soon £1.5m. They still have to match fund so how far is £1m going to go. Shareholders shafted as I said they would be, goes without saying.

[weegeordie] 24/10/2013 09:34

The problem is though, what are CEY going to do - if they are going to do nothing there is no point in removing him imo.

[applelover] 24/10/2013 09:28

That RNS has certainly made my mind up about how to vote in the EGM.

[cliley454] 24/10/2013 09:03

No real reason for the drop in share price imho, could finish the day blue.

Off topic, take a look at GWMO, worth a look. I just posted some research on the bb.

[spartikas] 24/10/2013 08:59

it is probably orecorp......rules midroc out.

whats your thoughts jumbone?